RATE Group | Bitcoin may get a boost during US presidental campaign
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Bitcoin may get a boost during US presidental campaign

30 Jan Bitcoin may get a boost during US presidental campaign

Posted at 12:09h in Bitcoin News by

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  • Andrew Yang supports the idea of comprehensive cryptocurrency regulation.
  • BTC/USD retreated from the recent high, still above critical support.

Bitcoin (BTC) topped at $9,432 on Wednesday, January 29, and retreated to $9,330 by the time of writing. The first digital asset has entered a range-bound mode and stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday. Bitcoin market dominance emerged to 66.4%, while an averaged daily trading volume settled at 418 billion.

Andrew Yang says Bitcoin needs coherent regulation

The existing US political establishment is rather conservative and even hostile towards digital assets; however, the situation is about to change as the candidates for the US presidency choose a more friendly approach towards the nascent industry to attract young voters. According to recent researches, millennials and the younger Generation Z are more likely to invest in digital assets to protect their assets during…

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